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Comparison of floor plans between 14 Wall Street and 250 Broadway

0:54:06

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Commissioner Molina explains the differences between 14 Wall Street and 250 Broadway, highlighting cost savings and readiness for occupancy.

250 Broadway requires over $10 million in capital improvements due to raw space
14 Wall Street is a turnkey location with no capital improvement costs
14 Wall Street has a lower per square footage rate than 250 Broadway

Lynn Schulman

0:54:06

Okay.

0:54:07

It's a very popular subject today.

0:54:08

So I would I would presume you you can find out exactly who who owns it and especially if you're doing business with them.

0:54:15

Mhmm.

0:54:17

So how does the floor play a Fourteen Wall Street compared to two left yet?

Louis Molina

0:54:21

The the floor plan?

0:54:25

What is 2 big distinctions.

0:54:27

1 of the issues that made 250 Broadway so much more expensive for city taxpayers in addition to the per square footage rate being much higher than 14 Wall Street 250 Broadway because it was raw space required the city to contribute over $10,000,000 of capital improvements to that location.

0:54:49

And 14 Wall Street is a turnkey location in which the Department of Aging is willing to take the property as is to include the furniture so that there's no capital improvement cost to going to a 14 Wall Street, which is Aging's preferred location, and has always been cheaper per square footage in 250 Broadway.

Lincoln Restler

0:54:23

Yep.

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Inquiry into the ownership of 14 Wall Street

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Presence of city agencies at 14 Wall Street